Form 4: Invitation Homes EVP Kimberly K. Norrell Reports Stock Grant and Tax Withholding

Kimberly K. Norrell, EVP & CAO of Invitation Homes Inc., reports the acquisition of 3,258 shares of restricted stock and the disposal of shares to cover tax obligations.

Summary

• On March 1, 2024, Kimberly K. Norrell, EVP & CAO of Invitation Homes Inc., reported transactions involving the company's common stock.
• Norrell acquired 3,258 shares of restricted stock, which vest in three equal annual installments starting March 1, 2025.
• She also disposed of 260, 217, and 268 shares, respectively, to satisfy tax withholding obligations related to the vesting of restricted stock units, all at a price of $34.54 per share.
• Following these transactions, Norrell beneficially owns 150,395 shares of Invitation Homes Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations.

Positives

• The grant of restricted stock to a key executive aligns their interests with the long-term performance of the company.

Future Outlook

The restricted stock vests in three equal annual installments beginning March 1, 2025, suggesting a multi-year alignment of the executive's interests with the company's performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.

Stakeholder Impact

• Shareholders can monitor insider transactions to gain insights into management's perspective on the company's stock.

Key Dates